Horse Lease Agreement

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					Horse Lease Agreement
This Horse Lease Agreement is made between an owner of a horse and a lessee who
wishes to lease the horse. This document sets forth the terms and conditions of the
lease, including payment provisions, the lease term, permitted uses of the horse and
insurance requirements. It includes numerous standard provisions as well as
opportunities for customization to address the specific needs of the parties. Horse
owners and individuals wishing to lease a horse should use this document when
entering into a lease agreement for a horse.
                                   HORSE LEASE AGREEMENT

      This Horse Lease Agreement (the “Agreement”) is entered into on __[Date]__ between
__[Name of Owner]__ (“Owner”) of __[Address]__, __________, __________ __________ and
__[Name of Lessee]__ (“Lessee”) of __[Address]__, __________, __________ __________.

         WHEREAS Owner owns the horse described below and Lessee desires to lease the horse;
and

        WHEREAS Owner and Lessee, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, agree as follows:

1.       Term.

       1.1.   Term. The term of this Agreement shall commence on __[Start Date]__ and
terminate on __[End Date]__, unless terminated sooner as provided herein.

        1.2.   Early Termination. Either party may terminate this Agreement prior to the stated
date of termination by giving __[# of Days]__ days prior written notice.

       1.3.    Rights Upon Termination. Lessee expressly covenants and agrees that upon
termination of this Agreement, Lessee shall have no further rights in or to the Horse.

2.       Description. This Agreement covers the horse described below (the “Horse”):

         Name: __________
         Age: __________
         Breed: __________
         Gender: __________
         Color: __________
         Registration Number: __________

3.       Payment.

       3.1.  Lease Payment Fee. Lessee shall pay to Owner a monthly lease fee in the amount
of __[$ Amount ]__ per month. Lease payment is due on the __[Payment Due Date]__ day of
each month.

         3.2.   Late Fee. Owner shall charge and Lessee shall pay a late fee of __[$ Amount ]__
if the lease payment fee is not paid by the 5th day after its due date and __[$ Amount ]__ for each
day the lease payment fee remains unpaid thereafter.

        3.3.    Refundable Deposit. Lessee shall pay __[$ Amount of Deposit ]__ in advance as
a refundable deposit for the performance of the terms and conditions of this Agreement. Lessee
shall not be entitled to any refund of the deposit unless the Lessee complies with all provisions of
the Agreement. Unpaid lease payment fees or late fees, and any other un-reimbursed expenses


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incurred by Owner for Lessee’s benefit shall be deducted from the deposit and the balance, if
any, returned to Lessee within __[# of Days]__ days of termination of this Agreement.

4.       Limitations and Use.

        4.1.  Full-Time Use. Lessee will be granted full-time use of the Horse during the term
of the Agreement, unless in the opinion of Owner, unnecessary damage may accrue to the Horse
through continued use, then this Agreement may be terminated. [Delete if Inapplicable]
        OR    Part-Time Use. Lessee will be granted partial use of the Horse during the term of
the Agreement, unless in the opinion of Owner, unnecessary damage may accrue to the Horse
through continued use, then this Agreement may be terminated immediately. [Delete if
Inapplicable]

       4.2.    Location of Horse During Lease Term. During the term of this lease, the
following location is to be considered the principle home stable of the Horse: _[Enter location of
Horse during lease term]_.

       4.3.    Days of Use. Lessee shall be able to use the Horse on the following days and
times during the term of this Agreement: [Enter the days and times at which the Lessee may use
the Horse] [Delete if Inapplicable]

       4.4.   Type of Use. Lessee covenants, warrants, and agrees NOT to use the horse for
any purpose other than the following: __[List the permitted uses of the Horse]___.

       4.5.    Authorized Riders. Lessee further represents that the only persons who may use
the Horse during the lease term are: __[List Authorized Riders]__. [Delete if Inapplicable]

5.       Care and Maintenance.

        5.1.    Lessee’s Obligations. If during the term of this Agreement the Horse is in the
exclusive possession of Lessee, Lessee shall, at Lessee’s sole expense provide reasonable care
for the Horse, including but not limited to a safe, clean environment, regular and adequate food
and water, all veterinary care, hoof care, grooming and exercise.

       5.2.    Owner’s Obligations. If during the term of this Agreement the Horse remains in
the possession of the Owner at Owner’s stable, then Owner shall provide all care for the Horse.

        5.3.   Owner’s Rights. If Lessee fails to perform Lessee’s obligations under this
paragraph, Owner shall have the right at its option, to declare a breach of the Agreement and
enter the Lessee’s premises, and re-take possession of the Horse or Owner may discharge
Lessee’s obligations to pay veterinary, feed or boarding expense and the cost thereof shall
become due and payable to Owner in addition to the monthly fee.

6.     Risk of Loss or Injury. Lessee assumes risk of loss or injury to the Horse if Lessee is
negligent or careless. Owner shall not be held responsible for loss, damage, injury, claim,
demand, cost and expenses (including legal fees) arising out of or connected with the used of the



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Horse, whether by Lessee or any other person. Owner will not be responsible for any accident or
injury to any person or animal that comes in contact with the Horse during the term of this
Agreement.

7.      Insurance. Lessee shall maintain throughout the lease term, at its sole cost and expense,
mortality and loss of use insurance in the amount of __[$ Amount of Policy ]__. Lessee shall
furnish certificates of insurance evidencing the coverage specified above. If for any reason the
Horse must be put down, Owner shall accept the insurance as adequate compensation and hold
no further claims against Lessee. In the above situation, proper veterinary care must be utilized
and Owner must be notified immediately. [Delete if Inapplicable]

8.     Option to Renew. Lessee has the option to renew this lease if a request is made in
writing __[# of Days]__ days prior to the expiration of the term of this lease. [Delete if
Inapplicable]

9.     Sale of Horse by Owner. In the event Owner places the Horse up for sale during the
term of this Agreement, Lessee shall have the right of first refusal to purchase the Horse within
__[# of Days]__ days of written notification for the agreed upon amount of __[Price of
Horse]__. [Delete if Inapplicable]

10.     Lessee’s Representations and Warranties. Lessee represents and warrants to Owner
the following:

        10.1. Lessee is not a minor or incompetent person and is authorized and empowered to
enter into this Agreement;

        10.2. Lessee will not allow or cause any lien, charge or other encumbrance to be
asserted against the Horse or Owner’s ownership thereof;

       10.3. Lessee has the ability, knowledge and skill necessary to care for and maintain the
Horse in good physical condition;

       10.4. Lessee shall maintain safe and clean boarding facilities and care for the Horse in a
proper manner consistent with accepted equine practices; and

       10.5. Lessee shall not sell, transfer or relocate the Horse without the express written
consent of Owner.

11.     Owner’s Representations and Warranties. Owner represents and warrants to Lessee
the following:

         11.1.    Owner has good and clear title to the Horse and the Horse is free of any liens;

         11.2.    Owner is authorized and empowered to enter into this Agreement; and

         11.3.    The Horse is fit for the stated purpose and use set forth herein.



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12.      Default.

        12.1. Upon material breach of this Agreement by either party, the other party may
terminate this Agreement; provided however, notice of said material breach is sent by certified
mail to the party in breach setting forth said breach.

       12.2. Upon material breach of this Agreement, Owner reserves the right to remove the
Horse without incurring any additional responsibility to Lessee. Lessee shall be responsible to
pay Owner any reasonable costs incurred in removing the Horse and such costs shall be due and
payable to Owner by Lessee hereunder.

       12.3. In case of a default by either party, the non-defaulting party shall have the right to
recover mediation, arbitration, attorney fees and costs incurred as a result of said default.

13.     Arbitration. Notwithstanding the foregoing, and anything herein to the contrary, any
dispute under this Contract shall be required to be resolved by binding arbitration of the parties
hereto. If the parties cannot agree on an arbitrator, each party shall select one arbitrator and both
arbitrators shall then select a third. The third arbitrator so selected shall arbitrate said dispute.
The arbitration shall be governed by the rules of the American Arbitration Association then in
force and effect. [Delete if Inapplicable]

14.    Governing Law. This Agreement shall be governed by the laws of the State of
__________. Any legal action commenced to enforce or interpret this Agreement shall be
brought in state or federal courts with the appropriate jurisdiction, located in __[County
Name]__ County, __[State]__. The parties hereto consent to both venue and jurisdiction.

15.     Severability. The invalidity of any provision of this Agreement, as determined by a
court of competent jurisdiction, shall in no way affect the validity of any other provision hereof.

16.     Amendments. This Agreement may be amended at any time by written notice approved
by all parties affected by such amendment.

17.     Entire Agreement. This Agreement constitutes the entire agreement between the
parties. There are not other agreements, written or verbal.

AGREED AND ACCEPTED TO BY:


__________________________
Owner: __[Name of Owner]__


_________________________
Lessee: __[Name of Lessee]__



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DOCUMENT INFO
Description: This Horse Lease Agreement is made between an owner of a horse and a lessee who wishes to lease the horse. This document sets forth the terms and conditions of the lease, including payment provisions, the lease term, permitted uses of the horse and insurance requirements. It includes numerous standard provisions as well as opportunities for customization to address the specific needs of the parties. Horse owners and individuals wishing to lease a horse should use this document when entering into a lease agreement for a horse.
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